31 firms disclosed 2023 results since Thursday's close

31/03/2024 Argaam Exclusive

A total of 31 Tadawul-listed companies disclosed their 2023 financial results since the close of trading last Thursday.

 

As shown in the table below, eight firms reported a profit increase year-on-year (YoY), eight others saw an earnings decline and 15 incurred losses in the same period.

Financial Results of Announced Companies (Million Riyal)

Company 2022 2023 Change Earnings per share Details Charts
TALEEM REIT 33.16 36.30 9.47 % 0.71 Details Charts
BONYAN REIT 97.58 110.90 13.65 % 0.68 Details Charts
SICO SAUDI REIT (83.39) (52.23) 37.36 % (0.91) Details Charts
MULKIA REIT (0.11) (11.81) (11038.30 %) (0.11) Details Charts
NGC (6.44) 5.13 179.58 % 0.16 Details Charts
ALKATHIRI 1.71 (4.14) (342.06 %) (0.02) Details Charts
ALARABIA 274.70 318.24 15.85 % 6.36 Details Charts
MAHARAH 113.46 97.05 (14.47 %) 0.20 Details Charts
TADCO (51.47) 80.79 256.97 % 2.06 Details Charts
SPIMACO (165.14) (13.71) 91.70 % (0.11) Details Charts
FITAIHI GROUP (31.87) 5.21 116.34 % 0.02 Details Charts
ALKHALEEJ TRNG (15.31) (42.02) (174.41 %) (0.65) Details Charts
JAZADCO 10.71 1.76 (83.57 %) 0.04 Details Charts
2P 131.46 129.29 (1.64 %) 0.86 Details Charts
ALABDULLATIF (57.87) (74.79) (29.24 %) (0.92) Details Charts
TCC 20.97 19.74 (5.83 %) 0.22 Details Charts
GACO 7.05 (6.71) (195.23 %) (0.22) Details Charts
MODERN MILLS 233.01 201.81 (13.39 %) 2.47 Details Charts
ARAB SEA (10.44) (9.77) 6.41 % (0.10) Details Charts
SAUDI GERMAN HEALTH 75.18 180.18 139.65 % 1.96 Details Charts
ALKHABEER REIT 43.38 35.14 (19.00 %) 0.25 Details Charts
MEPCO 269.70 (80.27) (129.76 %) (1.20) Details Charts
ALBABTAIN 52.63 141.49 168.84 % 2.21 Details Charts
MEFIC REIT 13.69 (11.47) (183.81 %) (0.16) Details Charts
ALOMRAN 5.79 (13.91) (340.12 %) (1.16) Details Charts
TECO (7.23) (44.20) (511.05 %) (0.04) Details Charts
ZAMIL INDUST (178.07) (297.84) (67.26 %) (4.96) Details Charts
FARM SUPERSTORES 22.83 21.79 (4.53 %) 0.48 Details Charts
RAYDAN (24.62) (30.89) (25.46 %) (1.95) Details Charts
TAKWEEN (158.92) (223.33) (40.54 %) (3.86) Details Charts
LAZURDE 34.16 30.83 (9.74 %) 0.54 Details Charts
ALHOKAIR GROUP (81.49) (89.55) (9.89 %) (0.28) Details Charts

The official deadline for 2023 earnings disclosures ends on March 31.

Distribution of Financial Results of Announced companies by sector

Sector Number of sector companies No. of disclosing companies Companies with growth in income Companies with a decreasing income Companies incurring losses
Banks 10 10 8 2 -
Petrochemical Industries 12 12 - 5 7
Cement 15 14 4 10 -
Retail 34 32 17 9 6
Energy & Utilities 9 9 5 4 -
Electricity 1 1 1 - -
Agriculture and Food Industries 21 18 11 4 3
Telecom & IT 9 8 5 2 1
Health care 2 2 2 - -
Insurance 26 26 26 - -
Multi-Investment 7 6 3 2 1
Industrial investment 17 17 6 4 7
Building & Construction 17 12 6 2 4
Real Estate Development 12 11 5 5 1
Transportation 8 8 5 1 2
Media and Publishing 6 5 2 2 1
Hotels & Tourism 3 3 1 - 2
Industry 1 1 - - 1
REITS 18 6 2 1 3
Services 6 2 1 1 -
Derivatives 4 - - - -
Index Funds 11 - - - -
Total 249 203 110 54 39

The aggregate profit of the companies that disclosed their results, including Saudi Aramco, fell 24.5% YoY to SAR 572.2 billion in 2023.

Accumulative Results –Net Income Sector Statistics

Sector Number of sector companies No. of disclosing companies 2022 2023 Change
Banks 10 10 62,521.75 69,962.31 11.90 %
Petrochemical Industries 12 12 29,763.43 (5,206.84) (117.49 %)
Cement 15 14 2,233.70 1,939.88 (13.15 %)
Retail 34 32 8,017.43 8,521.33 6.29 %
Energy & Utilities 9 9 610,322.29 460,452.10 (24.56 %)
Electricity 1 1 352.32 518.77 47.24 %
Agriculture and Food Industries 21 18 4,519.38 5,128.13 13.47 %
Telecom & IT 9 8 16,577.08 19,476.24 17.49 %
Health care 2 2 230.77 358.23 55.23 %
Insurance 26 26 353.47 3,353.40 848.72 %
Multi-Investment 7 6 7,125.18 1,111.80 (84.40 %)
Industrial investment 17 17 10,076.26 2,072.64 (79.43 %)
Building & Construction 17 12 182.75 140.23 (23.27 %)
Real Estate Development 12 11 2,183.19 3,242.66 48.53 %
Transportation 8 8 1,625.90 2,865.07 76.21 %
Media and Publishing 6 5 1,062.71 911.60 (14.22 %)
Hotels & Tourism 3 3 (136.45) 122.91 190.08 %
Industry 1 1 (7.22) (4.25) 41.17 %
REITS 18 6 104.31 106.82 2.41 %
Services 6 2 500.59 478.83 (4.35 %)
Derivatives 4 - - - -
Index Funds 11 - - - -
Total 249 203 757,608.84 575,551.85 (24.03 %)

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